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Ailing Thomas Cook in talks with UK government and investors for rescue deal

Britain's Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that would send shockwaves well beyond the travel sector.

Source: Reuters: Business News | 22 Sep 2019 | 12:42 am(NZT)

M&S suffers fresh blow as finance chief quits

Marks & Spencer Group Plc said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a further setback as the retailer is demoted from Britain's leading share index.

Source: Reuters: Business News | 22 Sep 2019 | 12:12 am(NZT)

Thomas Cook asks government for bailout in funding race

The travel firm faces administration unless it finds another £200m demanded by bank creditors.

Source: BBC News - Business | 22 Sep 2019 | 12:02 am(NZT)

Hopes for trade breakthrough fade as China cancels U.S. farm visits

A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy trade negotiators wrapped up two days of negotiations in Washington.

Source: Reuters: Business News | 21 Sep 2019 | 9:18 pm(NZT)

U.S. trade regulators approve some Apple tariff exemptions amid broader reprieve

U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc amid a broader reprieve on levies on computer parts, according to a public docket published by the U.S. Trade Representative and a Federal Register notice.

Source: Reuters: Business News | 21 Sep 2019 | 1:42 pm(NZT)

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Warren, Sanders to visit striking GM workers as dispute continues

Two major Democratic presidential candidates plan to visit striking General Motors workers in Detroit in the coming days as a five-day-old labor dispute threatens to enter its second week.

Source: Reuters: Business News | 21 Sep 2019 | 1:17 pm(NZT)

Facebook suspends tens of thousands of apps in response to Cambridge Analytica row

Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company's ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row.

Source: Reuters: Business News | 21 Sep 2019 | 1:08 pm(NZT)

Fund managers gird for long trade war after FedEx slide

A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.

Source: Reuters: Business News | 21 Sep 2019 | 1:01 pm(NZT)

China, U.S. had 'constructive' trade talks in Washington: Xinhua

China and the United States had "constructive" discussions on trade in Washington, state news agency Xinhua said on Saturday.

Source: Reuters: Business News | 21 Sep 2019 | 1:00 pm(NZT)

Wall Street drops after China cancels trip to Montana farmland

Wall Street dropped on Friday, and also finished the week lower, after a Chinese agriculture delegation canceled a planned visit to Montana, dampening optimism about U.S.-China trade talks.

Source: Reuters: Business News | 21 Sep 2019 | 12:18 pm(NZT)

Delaware judge says Tesla board must face trial over Musk's mega-pay package

A Delaware judge ruled on Friday that Tesla Inc's board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company.

Source: Reuters: Business News | 21 Sep 2019 | 11:55 am(NZT)

U.S., China held 'productive' talks, still plan October meeting: USTR

U.S. and Chinese deputy negotiators held "productive" talks in Washington this week aimed at improving their trade relationship, the U.S. Trade Representative's office said on Friday without offering further details.

Source: Reuters: Business News | 21 Sep 2019 | 10:34 am(NZT)

Sirius Minerals: The people who spent thousands on a Yorkshire mine

Sirius Minerals has 85,000 small investors, but the company's troubles mean many are stuck in a hole.

Source: BBC News - Business | 21 Sep 2019 | 9:33 am(NZT)

Huge rise in catalytic converter thefts

The Met Police says catalytic converter thefts almost doubled due to precious metal prices rising.

Source: BBC News - Business | 21 Sep 2019 | 9:32 am(NZT)

Walmart to stop sales of e-cigarettes in U.S. stores: company memo

Walmart Inc told staff on Friday it will stop selling e-cigarettes and electronic nicotine delivery products at its U.S. stores, amid a growing crackdown on surging teenage use of such products, reports of vaping-related lung disease and some deaths.

Source: Reuters: Business News | 21 Sep 2019 | 9:31 am(NZT)

Walmart ceases e-cigarette sales

The move comes amid mounting calls to ban the products, which have been linked to a deadly outbreak of lung illness.

Source: BBC News - Business | 21 Sep 2019 | 7:22 am(NZT)

Brazil dam disaster firms to face criminal charges

Police say mining giant Vale and German auditor Tüv Süd used falsified documents to certify the dam.

Source: BBC News - Business | 21 Sep 2019 | 3:25 am(NZT)

Climate change: Offshore wind expands at record low price

The UK announces projects to power seven million homes with wind power - and no need for subsidy.

Source: BBC News - Business | 21 Sep 2019 | 2:26 am(NZT)

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Why Booker shortlist is more taxing for some readers

Publishers say VAT charged on e-books and audiobooks unfairly pushes up prices for the partially sighted.

Source: BBC News - Business | 21 Sep 2019 | 2:07 am(NZT)

RBS is first UK big four bank to be led by a woman

Alison Rose will replace Ross McEwan as chief executive of the state-owned lender.

Source: BBC News - Business | 21 Sep 2019 | 12:34 am(NZT)

India delivers surprise corporate tax cuts to boost economy

The surprise move is part of efforts to revive investment and spur growth in Asia's third largest economy.

Source: BBC News - Business | 20 Sep 2019 | 7:25 pm(NZT)

Climate change: Firms make green energy vows as call for action grow

Amazon and Google are among global firms setting out new green energy plans as climate pressure rises.

Source: BBC News - Business | 20 Sep 2019 | 4:06 pm(NZT)

Hinkley Point C: Building the UK's new 'epic' power plant

Hinkley Point C, the UK's new nuclear power plant in Somerset, is due to open in 2025.

Source: BBC News - Business | 20 Sep 2019 | 11:53 am(NZT)

New leather factory in Paisley to create 100 jobs

Scottish Leather Group's new facility, opening in 2020, will produce high-end car seat upholstery.

Source: BBC News - Business | 20 Sep 2019 | 11:49 am(NZT)

Whitney Houston’s Estate Plans a Hologram Tour and a New Album

The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

Amazon Faces Investor Pressure Over Facial Recognition

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)

Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds

Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.

Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)

As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money

The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.

Source: NYT > Business | 20 May 2019 | 4:04 pm(NZT)

TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?

A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.

Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)

‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.

Source: NYT > Business | 20 May 2019 | 2:24 pm(NZT)

Deadly Germs, Lost Cures: Citrus Farmers Facing Deadly Bacteria Turn to Antibiotics, Alarming Health Officials

In its decision to approve two drugs for orange and grapefruit trees, the E.P.A. largely ignored objections from the C.D.C. and the F.D.A., which fear that expanding their use in cash crops could fuel antibiotic resistance in humans.

Source: NYT > Business | 20 May 2019 | 12:29 pm(NZT)

Mediator: Social Media Pollution, a Huge Problem in the Last Election, Could Be Worse in 2020

As a candidate, Donald Trump promoted a mystery Twitter account that falsely portrayed a protester as an ISIS terrorist. Nothing stops him from doing it again.

Source: NYT > Business | 20 May 2019 | 11:49 am(NZT)

Who Is Robert F. Smith, the Man Paying Off Morehouse Graduates’ Loans?

Mr. Smith amassed a fortune estimated to be worth $5 billion by founding a private equity firm. He’s also the chairman of the board of Carnegie Hall.

Source: NYT > Business | 20 May 2019 | 10:58 am(NZT)

As ‘Rocketman’ Prepares to Take Off, Hollywood Holds Its Breath

Depending on ticket sales, the R-rated musical fantasia about Elton John could have ripple effects for its star, its studio and the wider film industry.

Source: NYT > Business | 20 May 2019 | 10:45 am(NZT)

Tech Jobs Lead to the Middle Class. Just Not for the Masses.

The great hope for people without a bachelor’s degree hasn’t yet spread beyond small-scale success stories.

Source: NYT > Business | 20 May 2019 | 7:20 am(NZT)

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